Shares of eBay Inc. (NASDAQ:EBAY) shot up 0.8% during trading on Wednesday . The stock traded as high as $32.14 and last traded at $32.02, with a volume of 4,966,040 shares traded. The stock had previously closed at $31.77.

Several research firms recently commented on EBAY. Hilliard Lyons began coverage on shares of eBay in a report on Tuesday. They set a “long-term buy” rating and a $35.00 price target for the company. Goldman Sachs Group Inc. set a $34.00 price target on shares of eBay and gave the stock a “buy” rating in a report on Tuesday, August 16th. Cantor Fitzgerald restated a “hold” rating on shares of eBay in a report on Sunday, August 14th. Robert W. Baird restated an “outperform” rating and set a $35.00 price target on shares of eBay in a report on Monday, August 8th. Finally, Jefferies Group restated a “hold” rating on shares of eBay in a report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. eBay presently has an average rating of “Hold” and a consensus price target of $32.45.

The stock has a 50 day moving average price of $30.05 and a 200-day moving average price of $25.63. The firm has a market capitalization of $36.31 billion and a price-to-earnings ratio of 19.77.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 20th. The e-commerce company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts anticipate that eBay Inc. will post $1.89 earnings per share for the current year.

In other news, VP Brian J. Doerger sold 23,958 shares of eBay stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $30.56, for a total transaction of $732,156.48. Following the sale, the vice president now directly owns 48,605 shares of the company’s stock, valued at $1,485,368.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jae Hyun Lee sold 5,625 shares of eBay stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $31.02, for a total value of $174,487.50. Following the sale, the senior vice president now directly owns 101,529 shares in the company, valued at $3,149,429.58. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of eBay by 62.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,908,447 shares of the e-commerce company’s stock worth $52,445,000 after buying an additional 734,357 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of eBay by 9.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,461,635 shares of the e-commerce company’s stock worth $95,126,000 after buying an additional 303,761 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of eBay by 162.8% in the fourth quarter. State of Tennessee Treasury Department now owns 450,903 shares of the e-commerce company’s stock worth $12,391,000 after buying an additional 279,303 shares during the last quarter. American International Group Inc. raised its stake in shares of eBay by 5.9% in the fourth quarter. American International Group Inc. now owns 551,337 shares of the e-commerce company’s stock worth $15,151,000 after buying an additional 30,660 shares during the last quarter. Finally, I.G. Investment Management LTD. raised its stake in shares of eBay by 25.9% in the fourth quarter. I.G. Investment Management LTD. now owns 112,546 shares of the e-commerce company’s stock worth $3,093,000 after buying an additional 23,139 shares during the last quarter.

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.

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